Tag Archives: Cryptocurrency

image_pdfimage_print

Bursting Bitcoin Bubble?

Author: David R. Kotok, Post Date: July 6, 2018
Cumberland Advisors Market Commentary by David Kotok

Fundstrat Daily reports that “YTD, the crypto market is down -60.7%” as of July 2. We have been asked again about Bitcoin and “bubbles” following the recent gyrations and the plunge. “Should I buy it?” asked a reader. First, we offer the required disclosure: We don’t own any cryptocurrency in any Cumberland managed account. And […]

Cryptocurrency Investors Worry, Wait After Bitcoin Price Drop

Author: , Post Date: January 19, 2018
Bitcoin - Crytocurrency

Excerpt below: In the wake of this week’s crash, the top post in the Reddit forum /r/CryptoCurrency was about how to contact a suicide hotline, apparently a response to distress on the part of recent investors. Some economists say this is a familiar pattern. “Twenty years ago, the technology stocks and new Internet stocks achieved an excess […]

Longboat Kiwanis Club hosts financial expert to discuss Bitcoin

Author: , Post Date: January 9, 2018
Bitcoin - Crytocurrency

An expert on one of the world’s suddenly hot, but still mystifying, investments is the scheduled luncheon speaker at the Kiwanis Club of Longboat Key’s Jan. 18 meeting at Portofino Restaurant at the Longboat Key Club. David Kotok, chairman and chief investment officer of Sarasota based Cumberland Advisors, will discuss Bitcoin, Blockchain and other financial […]

Wealth Managers Are Being Inundated With Calls About Bitcoin

Author: , Post Date: November 21, 2017
Virtual Currency, Bitcoin, Cryptocurrency, Blockchain

At 74, Cumberland Advisors’ David Kotok has guided wealthy clients through a long career’s worth of bubbles and crashes. Now he’s being inundated with questions about the latest soaring asset to confound investors — bitcoin. “Clients bring up bitcoin all the time,” said Kotok. “They think it’s cool. It has the newness, which is attractive […]